Celonis Revenue, Valuation, Funding & Investors

Celonis is valued at $13B as of August 2022, a 32.5x multiple on its last reported $400M revenue.

Last Celonis valuation

$13B

Series D · Aug 2022

Last Celonis funding round

$400M

Series D · Aug 2022

Celonis revenue

$400M

Series D · Aug 2022

Key investors in Celonis

Celonis Overview

About Celonis

Celonis is a Munich-headquartered software company that delivers process mining technology through its Execution Management System. The platform includes analytics tools, Celonis Studio for custom applications, and capabilities for strategy, planning, management, actions, and automation. It enables business executives to optimize operations across industries with clients such as Siemens, Deutsche Telekom, and PepsiCo. Celonis maintains offices in New York, London, and Tokyo.


Founded

2011

HQ

GermanyMunich

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$400M (Aug 2022)

Valuation

$13B (Aug 2022)

Celonis Valuation

Celonis is currently valued at $13B, based on its Series D in August 2022.

The $400M round was led by Qatar Investment Authority.

Celonis' valuation has grown 13x from $1B at its Series B in June 2018 to $13B in August 2022, across 4 priced rounds.

Celonis valuation by funding round

Revenue multiple
Celonis valuation by funding round
DateStageValuationRevenue Multiple
Aug 2022Series D$13B32.5x
Jun 2021Series D$11B27.5x
Nov 2019Series C$2.5B3.2x
Jun 2018Series B$1B1.3x

Celonis Revenue

Celonis' latest recorded revenue is $400M, as of its Series D in August 2022. At a $13B valuation, that implies a 32.5x revenue multiple.

Revenue moved from $771M in June 2018 to $400M in August 2022, while the revenue multiple moved from 1.3x to 32.5x.

Celonis revenue by funding round

Celonis revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2022$400M$13B32.5xSeries D
Jun 2021$400M$11B27.5xSeries D
Nov 2019$771M$2.5B3.2xSeries C
Jun 2018$771M$1B1.3xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Celonis Funding History

Celonis has raised a total of $1.8B across 5 funding rounds.

Celonis' first fundraising round was a $28M Series A in June 2016. The most recent completed round was a $400M Series D in August 2022.

Celonis funding rounds

Celonis funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series DQatar Investment Authority (lead)$400M$13BCelonis is a process mining platform company headquartered in New York and Munich that helps enterprises identify operational inefficiencies across their business processes. The platform detects opportunities to improve supply chain, procurement, and delivery operations by analyzing process data to find bottlenecks and unnecessary expenditures. Major enterprise customers include Johnson & Johnson, Dell Technologies, and Cisco Systems. On August 23, 2022, Celonis closed a $400 million equity Series D extension round at a post-money valuation of $13 billion, led by Qatar Investment Authority with participation from new and existing investors including Activant Capital (advised by Neuberger Berman), Alta Park Capital, Commonfund Capital, Arena Holdings, T. Rowe Price Associates, Franklin Templeton, Durable Capital Partners, TCV, 83North, Accel Partners, and Sator Grove. The round was part of a broader $1 billion liquidity package that included expansion of a revolving credit facility to $600 million with a syndicate of leading global banks. The company demonstrated strong momentum with more than 2,500 enterprise deployments worldwide at the time of the funding. Annual recurring revenue was reported to be on track to reach $400 million by the end of 2021, indicating rapid revenue growth. This Series D extension followed the company's $1 billion Series D round closed in June 2021 at an $11 billion valuation. Celonis stated it would deploy the additional $1 billion in liquidity to accelerate product innovation, increase adoption among Global 2000 customers, pursue strategic acquisitions, and deepen ecosystem partnerships. The company described executing another record year of strong growth and emphasized its competitive position in the process mining market as a leader helping customers navigate challenging economic and supply chain environments.
Jun 2021Series DDurable Capital Partners (lead); T. Rowe Price (lead); Putnam Premier IT; Sator Grove Holdings; TCV; Splunk Ventures; Arena Holdings$1B$11BCelonis, a Munich and New York-based leader in process mining and execution management software, raised $1 billion in its Series D funding round on June 2, 2021. The round was co-led by Durable Capital Partners and T. Rowe Price, with participation from Franklin Templeton, Splunk Ventures, Arena Holdings, and other existing investors. This investment increased Celonis's post-money valuation to more than $11 billion, up from $2.5 billion in its 2019 Series C. At the time, Celonis reported triple-digit year-over-year growth, over 1,000 enterprise customers including Uber, Dell, L’Oréal, and AstraZeneca, and more than 1,300 employees. The company also appointed Carlos Kirjner, former Google finance executive, as CFO. Funds were intended to accelerate product development, global expansion, and scaling operations amid strong demand for its AI-powered workflow optimization tools. This round marked a significant milestone, positioning Celonis as a decacorn and fueling speculation about a potential IPO, supported by institutional investors active in public markets.
Nov 2019Series CArena Holdings (lead); Ryan Smith; 83North; Accel; Tooey Courtemanch$290M$2.5BCelonis, founded in 2011 by Bastian Nominacher, Alexander Rinke, and Martin Klenk, with headquarters in Munich, Germany, and New York City, develops AI-powered process mining software that analyzes enterprise data to identify inefficiencies, bottlenecks, and optimization opportunities in business processes such as finance, supply chain, and customer service. The platform tracks software-generated data to provide actionable insights, enabling companies to automate improvements and boost efficiency by 30-40% within months. On November 21, 2019, Celonis raised $290 million in a Series C funding round led by Arena Holdings, with participation from principal investors including Qualtrics CEO Ryan Smith and Procore founder Tooey Courtemanche, as well as existing backers 83North and Accel. This brought the company's post-money valuation to $2.5 billion, following a $50 million Series B in June 2018 that valued it at $1 billion and a $27.5 million Series A in 2016. Total funding at the time reached $370 million. The proceeds were earmarked for expanding U.S. sales and marketing teams, accelerating global expansion, investing in R&D for process intelligence tools, and enhancing platform features in finance, supply chain, and customer service to shift from insights to automated actions. Celonis had nearly 800 employees globally after doubling headcount the prior year and served major clients like 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens, and Uber. The company reported over 100% year-over-year revenue growth and had remained profitable since inception. This round positioned Celonis as a leader in the process mining space amid massive enterprise spending on digital transformation, exceeding $1 trillion annually. Subsequent rounds included a $1 billion Series D in June 2021 at over $11 billion valuation and a $400 million extension in August 2022 reaching nearly $13 billion.
Jun 2018Series B83North (lead); Accel (lead)$50M$1BCelonis is a process mining software company founded in 2011 by Alexander Rinke, Bastian Nominacher, and Martin Klenk. The Munich-based company uses artificial intelligence and machine learning to help enterprises understand and optimize their operational business processes. In June 2018, Celonis raised $50 million in Series B funding from existing investors Accel Partners and 83North, valuing the company at $1 billion and establishing it as a unicorn. The company had previously received a $27.5 million Series A investment from the same investors in June 2016. Celonis had been profitable every year since its 2011 inception and had exceeded growth targets, with the company claiming 5,000 percent growth over four years and 300 percent year-over-year growth at the time of the Series B round. Major customers included ExxonMobil, 3M, Merck, Lockheed Martin, and Uber, with deals frequently reaching seven figures. At the time of the Series B round, Celonis employed 400 people and stated plans to expand to over 1,000 employees within 18 months. The funding was designated as strategic capital to support geographic expansion into the U.S. Midwest and San Francisco, introduce additional automated consulting features, and position the company for potential acquisitions and new market opportunities. Despite being a Series B company, Celonis's early profitability and exceptional customer growth made it an unusual case in enterprise software funding.
Jun 2016Series A83North (lead); Accel (lead); Aerion Partners$28M-Celonis is a process mining software company that analyzes enterprise IT systems like SAP, Oracle, and Salesforce to optimize business processes such as procurement, accounting, customer service, and e-commerce in real time. Founded in Germany, it had been revenue-generating and profitable for multiple years prior to its first external funding, with explosive growth of around 4,000% over four years leading up to June 2016. The company bootstrapped initially, serving mainly European markets like Germany, Benelux, and the UK, before announcing a $27.5 million Series A round on June 7, 2016, led by Accel and 83North to launch technology, build the market, expand sales and marketing globally—especially in the US—and enhance its product. This Series A enabled Celonis to open a New York office and grow its US presence, which expanded significantly afterward with over 150 employees there by 2018 and further offices in Boston, Raleigh, and Miami. Customers included major firms like Merck, Lockheed Martin, ExxonMobil, and Uber. The funding provided strategic expertise from investors experienced in scaling tech companies to IPOs, adding flexibility amid accelerating demand for process mining. Subsequent rounds built on this foundation: a $50 million Series B in June 2018 from the same investors at $1 billion valuation, supporting US expansion, R&D, and growth to over 400 employees with 5,000% growth over four years and 300% in the prior year. Later financings included $290 million Series C in 2019, $1 billion Series D in 2021 at $11 billion, and a $400 million extension in 2022 at $13 billion, totaling over $2.4 billion raised.

Who has invested in Celonis?

13 investors have backed Celonis across its funding rounds, including Accel, 83North, Arena Holdings, T. Rowe Price, TCV and Putnam Premier IT.

Lead investors include Qatar Investment Authority, Durable Capital Partners, T. Rowe Price, Arena Holdings, 83North and 1 other investor.


Celonis Investors

Investors in Celonis by funding rounds participated
InvestorHQRoundsRoleFirst check
83NorthUnited KingdomUnited Kingdom3LeadJun 2016
AccelUnited StatesPalo Alto, CA3LeadJun 2016
Arena HoldingsUnited StatesNew York City, NY2LeadNov 2019
Putnam Premier ITUnited StatesUnited States1ParticipantJun 2021
Qatar Investment AuthorityQatarQatar1LeadAug 2022
Durable Capital PartnersUnited StatesWashington, DC1LeadJun 2021
Sator Grove HoldingsUnited StatesBradenton, FL1ParticipantJun 2021
T. Rowe PriceUnited StatesBaltimore, MD1LeadJun 2021
TCVUnited StatesSan Francisco, CA1ParticipantJun 2021
Aerion PartnersUnited KingdomLondon1ParticipantJun 2016
Ryan SmithUnited StatesNew York City, NY1ParticipantNov 2019

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Acquisitions by Celonis

Celonis has acquired 7 companies to date.

Last acquisition by Celonis was on May 11th 2026. Celonis acquired Ikigai Labs for undisclosed valuation.


Latest Acquisitions by Celonis

Ikigai Labs
Symbioworld
SailFin
Process Analytics Factory
Description
Ikigai Labs is a software provider that equips analysts and operations teams with automation tools for business, finance, analytics, and supply-chain functions. The company's Inventory Ops platform unifies real-time inventory visibility across multiple locations and sales channels through automated tracking and monitoring. Based in the United States, Ikigai Labs focuses on data-intensive workflows to streamline decision-making in dynamic environments.
-
SailFin is an AI-native platform that automates accounts receivable processes including credit management, deductions handling, cash application, cash forecasting, and customer portals alongside accounts payable functions such as multi-channel invoice capture, two-way and three-way matching, auto-validation, supplier portals, and inquiry management. The platform covers the full order-to-cash and procure-to-pay cycles for industries like consumer packaged goods, distribution, oil and energy, and manufacturing. SailFin serves business-to-business companies seeking improved working capital efficiency. Headquartered in New York with operations across North America, the company delivers comprehensive finance and accounting digital transformation tools.
Cologne-based Process Analytics Factory GmbH is a provider of artificial process intelligence through its PAFnow software suite. PAFnow integrates with Microsoft Power BI to enable real-time process mining and conformance checking for enterprises worldwide. The company supports over 200 customers including Siemens and Bosch in optimizing supply chain and finance processes. Founded in 2017, Process Analytics Factory expands across Europe and North America with features like event log extraction from SAP and Oracle systems, delivering measurable process improvements in cycle times and compliance.
HQ CountryUnited StatesGermanyUnited StatesGermany
HQ City
San Francisco, CA
-
Las Vegas, NV
Darmstadt
Deal Date11 May 202613 Nov 20239 Nov 202229 Mar 2022
Valuationundisclosedundisclosedundisclosed$100M
EV/Revenue
EV/EBITDA

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Investments by Celonis

Celonis has invested in 1 company to date.

Latest investment by Celonis was on April 27th 2023. Celonis invested in Ctrl in their $9M Seed round.


Latest Investments by Celonis

Ctrl
Description
Ctrl is a Tel Aviv-based sales enablement platform founded in 2021 that unifies customer data from CRM, email, and support tools into custom dashboards. Sales teams access 360-degree customer views for faster opportunity tracking and task automation. Ctrl integrates with Salesforce, HubSpot, and Gong, serving B2B companies in Israel and the U.S. with no-code workspace builders.
HQ CountryIsrael
HQ City
Tel Aviv
Deal Date27 Apr 2023
RoundSeed
Raised$9M
InvestorsJibe Ventures; Slack; LocalGlobe; Intercom; DIG Ventures; Mandeep Singh; Earlybird VC
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Celonis Competitors

Celonis competitors include listed companies like Octave Intelligence and Geovis, and private ones like Uptake Technologies, Temporal Technologies, Certus Core and Claroty.

Public and private companies comparable to Celonis
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Uptake TechnologiesUnited StatesUnited StatesPrivate$100M-$2.3B23.0x
Octave IntelligenceUnited StatesUnited StatesPublicly listed$1.6B$530M$5B3.3x
Temporal TechnologiesUnited StatesSeattle, WAPrivate$250M-$13B50.2x
GeovisChinaChinaPublicly listed$399M$44M$3.6B8.4x
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
ClarotyUnited StatesNew York City, NYPrivate$200M-$3B15.0x

Celonis Public Comps

Celonis is still privately-owned, but its public comps include PTC, Dynatrace, Bentley Systems, Elastic, Wolters Kluwer, Procore, Snap-on, SenseTime Group, Baosight and Presight AI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PTC$2.7B$1.1B5.8x5.8x14.0x11.8x
Dynatrace$2B$276M7.5x7.0x55.0x23.0x
Bentley Systems$1.5B$429M7.1x6.5x24.7x18.0x
Elastic$1.7B$35M4.9x4.6x244.4x25.5x
Wolters Kluwer$7.1B$2.5B3.2x3.1x8.9x9.3x
Procore$1.3B($3M)5.5x5.0x(2275.8x)20.2x
Snap-on$5.2B$1.4B3.7x3.9x13.2x13.0x
SenseTime Group$748M($70M)6.9x5.8x(73.5x)113.7x

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Common questions about Celonis

When was Celonis founded?Celonis was founded in 2011.
Where is Celonis headquartered?Celonis is headquartered in Munich, Germany.
Is Celonis publicly listed?No, Celonis is a private, VC-backed company.
What is Celonis' valuation?Celonis was last valued at $13B in its Series D in August 2022.
How much funding has Celonis raised?Celonis has raised $1.8B across 5 funding rounds.
What was Celonis' last funding round?Celonis' last funding round was a $400M Series D in August 2022, led by Qatar Investment Authority.
Who are Celonis' investors?Celonis' investors include 83North, Accel, Arena Holdings, Putnam Premier IT, Qatar Investment Authority, Durable Capital Partners, Sator Grove Holdings, T. Rowe Price, TCV, Aerion Partners and 3 others.
What is Celonis' revenue?Celonis' latest recorded revenue is $400M (August 2022).
What is Celonis' revenue multiple?Celonis' latest valuation implies a 32.5x revenue multiple ($13B valuation on $400M of revenue).
Which companies are comparable to Celonis?Companies comparable to Celonis include Uptake Technologies, Octave Intelligence, Temporal Technologies, Geovis, Certus Core and Claroty.
How many companies has Celonis acquired?Celonis has acquired 7 companies, including Ikigai Labs, Symbioworld, SailFin, Process Analytics Factory and Lenses.io.
What was the largest acquisition by Celonis?The $100M acquisition of Process Analytics Factory in March 2022 is the largest acquisition Celonis has made to date.
How many companies has Celonis invested in?Celonis has invested in 1 company, including Ctrl.
What was Celonis' last investment?In April 2023, Celonis invested in Ctrl's $9M seed round alongside Jibe Ventures, Slack, LocalGlobe and 4 other investors.

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